Universal Beteiligungs und Servicegesellschaft mbH Takes $208,000 Position in BrightView Holdings, Inc. (NYSE:BV)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has purchased 16,232 shares of BrightView Holdings, Inc., valued at approximately $208,000, indicating renewed interest from institutional investors.
• BrightView reported a quarterly earnings per share of $0.14, exceeding expectations, and had a revenue of $662.60 million, a slight decline of 1.5% year-over-year.
• Analysts have mixed sentiments about BrightView's stock with a current average rating of "Moderate Buy" and an average price target of $17.82, down from previous estimates.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,232 shares of the company's stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sterling Capital Management LLC boosted its stake in BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock valued at $30,000 after acquiring an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of BrightView by 181.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after purchasing an additional 1,475 shares during the last quarter. CWM LLC raised its stake in shares of BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after purchasing an additional 1,264 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of BrightView during the fourth quarter worth about $56,000. Finally, GAMMA Investing LLC grew its stake in BrightView by 933.1% in the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock worth $104,000 after purchasing an additional 7,306 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BV shares. Loop Capital lowered their price objective on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Robert W. Baird lowered their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Finally, Wall Street Zen raised BrightView from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.82.

BrightView Stock Performance

Shares of BrightView stock traded down $0.06 on Friday, reaching $15.27. 488,808 shares of the company were exchanged, compared to its average volume of 726,086. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 508.83 and a beta of 1.26. BrightView Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.42 and a current ratio of 1.42. The company's 50-day moving average is $15.87 and its two-hundred day moving average is $14.77.

BrightView (NYSE:BV - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). BrightView had a return on equity of 8.78% and a net margin of 2.00%. The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $763.43 million. During the same period in the prior year, the business earned $0.32 earnings per share. BrightView's quarterly revenue was down 4.1% on a year-over-year basis. As a group, research analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of BrightView stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the sale, the insider owned 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.20% of the company's stock.

About BrightView

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.